JinkoSolar Holding Co Ltd expected to post earnings of $2.42 a share - Earnings Preview

JinkoSolar Holding

06/03/2024 13:39

* JinkoSolar Holding Co Ltd  JKS.N   JKS  is expected
to show a
fall in quarterly revenue when it reports  results on March 8
(estimated) for the period ending December 31 2023
    * The Shangrao Jiangxi-based  company is expected to report
a
5.1% decrease in revenue to $4.185 billion from $4.41 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for JinkoSolar Holding Co
Ltd is
for earnings of $2.42 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for JinkoSolar
Holding Co Ltd is $30.50​, above​ its last closing price
of $26.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.45        1.44       3.31      Beat    129.9
 Jun. 30 2023  1.67        1.65       3.52      Beat    113.8
 Mar. 31 2023  0.43        0.44       2.31      Beat    425​
 Dec. 31 2022  0.97        1.21       0.82      Missed  -32.2
 ​​Sep.        0.71        0.71       0.91      Beat    27
 30 2022                                                
 Jun. 30 2022  0.36        0.58       -1.11     Missed  -292.6
                                                        ​
 Mar. 31 2022  0.09        0.55       0.10      Missed  -81.8
 Dec. 31 2021  0.80        0.90       0.72      Missed  -19.8
 This summary was machine generated March 6 at 13:39 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)